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Wolseley Gardens, Jesmond, Newcastle Upon Tyne

PROPERTY TYPE

Flat

BEDROOMS

4

BATHROOMS

2

SIZE

1,109 sq ft

103 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Excellent four bedroom investment opportunity
  • Currently let at £19,752 per annum
  • Attractive 7.6% gross rental yield
  • Popular student location in Jesmond
  • Four well sized bedrooms
  • Spacious communal lounge
  • Fully fitted shaker style kitchen
  • Two bathrooms, including bath and shower rooms
  • Well presented and neutrally decorated throughout
  • Close to universities, city centre, shops, bars and restaurants

Description

Hive Estates are delighted to present this excellent investment opportunity to acquire a well proportioned four bedroom maisonette on Wolseley Gardens, situated in the highly sought after area of Jesmond. Currently let and generating an annual rental income of £19,752, the property offers an attractive gross rental yield of 7.6%, making it an appealing addition to any investment portfolio and particularly well suited to the student rental market.

The property provides spacious and practical accommodation throughout, comprising four well sized bedrooms, a generous lounge, a fully fitted kitchen and two bathrooms. The kitchen features wooden shaker style units, grey worktops, a blue tiled splashback, grey laminate flooring and a range of integrated appliances. Two bathrooms provide added convenience, with one fitted with a bath and the other with a shower, both finished in a neutral style.

Neutrally decorated throughout, the property benefits from grey carpeting across the bedrooms and living areas, creating a clean and practical finish well suited to student tenants. The well-proportioned layout offers a comfortable balance of communal and private living space, while the property also benefits from a private garage, providing valuable additional storage and parking.

Wolseley Gardens is ideally positioned for access to Newcastle city centre and the city's major universities, while a wide range of shops, bars, restaurants and local amenities are all within easy reach. With an established rental income, strong gross yield and highly desirable student location, this is a fantastic opportunity for investors seeking a ready-made student property in Jesmond.

Lounge/Diner - 4.30 x 3.60 (14'1" x 11'9") -

Kitchen - 3.00 x 2.30 (9'10" x 7'6") -

Bedroom 1 - 5.80 x 3.10 (19'0" x 10'2") -

Bedroom 2 - 4.35 x 3.60 (14'3" x 11'9") -

Bedroom 3 - 3.10 x 2.30 (10'2" x 7'6") -

Bedroom 4 - 2.75 x 2.30 (9'0" x 7'6") -

Bathroom - 1.90 x 2.40 (6'2" x 7'10") -

Shower Room - 2.00 x 1.40 (6'6" x 4'7") -

Brochures

Wolseley Gardens, Jesmond, Newcastle Upon TyneBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: B
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Wolseley Gardens, Jesmond, Newcastle Upon Tyne

Approximate location

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Affordability

Monthly repayments£1,304
Property: £ 260,000
Deposit: £ 26,000
Interest rate: 5.33%
Term: 30 years
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Renovation potential
Recently sold & under offer
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About Hive Estates, Newcastle upon Tyne

1 Starbeck Avenue Sandyford Newcastle Upon Tyne NE2 1RH

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Disclaimer - Property reference 34872300. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hive Estates, Newcastle upon Tyne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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